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Article
Publication date: 11 November 2020

Lama Tarek Al-kayed and Khaoula Chaffai Aliani

The purpose of this paper is to investigate the effect of a focus loan strategy on Islamic banks’ (IB) performance in three areas: sectoral, geographic and the type of Islamic…

Abstract

Purpose

The purpose of this paper is to investigate the effect of a focus loan strategy on Islamic banks’ (IB) performance in three areas: sectoral, geographic and the type of Islamic instrument. This paper specifically addresses two questions. First, should IBs focus or diversify their loan portfolios? Second, how does focus in lending affect IBs’ returns and risk?

Design/methodology/approach

The panel generalized linear squared method was used for regressions throughout the paper. Data used in the analysis were extracted from IBs’ publicly available regulatory reports in the Gulf Cooperation Council countries. The sample is an unbalanced panel that includes financial data on 26 banks during the period 2010–2018.

Findings

Focusing on Islamic instruments and economic sectors would harm IBs’ profitability while reducing their risks. Geographic focus increased the profitability of IBs, but it also increased their default risk. The focus in Islamic instruments was beneficial when risk is low to moderate, but when the risk of an IB increased, it was better to diversify across Islamic instruments. Focus in geographical areas, on the other hand, had a non-linear U-shaped relationship with return, which means that when IBs’ risk is high, focusing their loans in one geographic area enhances their returns.

Originality/value

This paper fills the existing gap in Islamic banking literature regarding the focus/diversification dilemma. It is the first attempt to study the effect of focus in three areas (sectoral, geographic and instrument used) on the return and risk of IBs.

Details

Journal of Islamic Accounting and Business Research, vol. 11 no. 9
Type: Research Article
ISSN: 1759-0817

Keywords

Article
Publication date: 23 May 2008

Örjan Sölvell, Christian Ketels and Göran Lindqvist

The purpose of this paper is to provide an analysis of regional concentration patterns within ten new European Union (EU) member states, EU10, and make comparisons with EU15 and…

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Abstract

Purpose

The purpose of this paper is to provide an analysis of regional concentration patterns within ten new European Union (EU) member states, EU10, and make comparisons with EU15 and the US economy.

Design/methodology/approach

Industrial specialization and clusters are measured as employment in the intersection between a sector (three‐digit NACE data) and a particular region (NUTS 2 level), with a total of 38 sectors and 41 regions within EU10. Regional cluster size and degree of specialization is measured along 3D: absolute number of employees (>10,000 jobs is used as cut‐off for a regional cluster), degree of specialization (regional sector employment is at least two times expected levels) and degree of regional market labor dominance (>3 per cent of total employment in a particular sector). Each of these three measures of cluster size, specialization and labor market focus are classified with a “star”. The largest and most specialized clusters receive three stars.

Findings

EU10 exhibits 19 three‐star regional clusters, which display high values for each of the three measured parameters. In addition, there are 92 two‐star regional clusters and 313 one‐star regional clusters. The analysis also suggests that regional concentration in EU10 is clearly lower than in the USA, and slightly lower than in the old EU member states. In a few cases – IT, biopharmaceuticals and communications equipment – where the total size of the cluster is small, and there is little historical legacy in Eastern Europe, the EU10 exhibits higher geographical concentration than EU15.

Research limitations/implications

Overall, the economies of EU10 exhibit a pattern of geographical concentration close to a random distribution, i.e. the process of regional concentration and redistribution of industry is in a very early phase. If Europe is to build a more competitive economy, industrial restructuring towards larger clusters must be allowed and pushed by policy makers both at the national and EU levels.

Practical implications

Policymakers must be well informed about geographical concentration patterns of industry. The research offers a consistent methodology of mapping regional clusters and geographical concentration patterns across sectors.

Originality/value

This paper is the first in measuring regional concentration patterns in Europe at this fine level, and is based on a new methodology developed by Professor Michael E. Porter at Harvard University. The paper has also introduced a new method of ranking clusters according to the star model.

Details

Competitiveness Review: An International Business Journal, vol. 18 no. 1/2
Type: Research Article
ISSN: 1059-5422

Keywords

Article
Publication date: 3 March 2023

Moureen Asaad, Ghada Farouk Hassan, Abeer Elshater and Samy Afifi

Several initiatives have taken part in the sustainability assessment tools, especially on the neighbourhood scale. These tools have been developed as neighbourhood sustainability…

Abstract

Purpose

Several initiatives have taken part in the sustainability assessment tools, especially on the neighbourhood scale. These tools have been developed as neighbourhood sustainability assessment tools (NSATs) in global and local settings. Despite the widespread use of NSATs over the last two decades, research on NSATs in Global South cities is currently limited. This review article synthesizes literature themes and provides research priorities for NSATs.

Design/methodology/approach

This paper presents a systematic review of 48 research articles on NSATs in cities of the Global South, conducted and reported using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) statement. A thematic synthesis of 18 articles was reviewed using content analysis to provide a thematic classification and research priorities that outline approaches and actions for implementation.

Findings

The results revealed five themes of NSATs for research tackling cities in the Global South, with one dominant theme related to case study-based frameworks and tools. The findings indicate a high level of affiliation contribution and research content focus within the Asian continent compared to the African continent and MENA region.

Originality/value

This study contributes to the bibliometric analysis of where the current body of research stands in NSATs. The added value highlights research priorities based on themes, spatial regions and tools.

Details

Open House International, vol. 49 no. 1
Type: Research Article
ISSN: 0168-2601

Keywords

Article
Publication date: 8 March 2024

Said Elfakhani

This study aims to test mutual fund superiority, comparing the performance of 646 Islamic mutual funds with 475 ethical funds and conventional proxies.

Abstract

Purpose

This study aims to test mutual fund superiority, comparing the performance of 646 Islamic mutual funds with 475 ethical funds and conventional proxies.

Design/methodology/approach

This study uses statistical methods including paired t-statistics of independent samples, one-way Bonferroni test–analysis of variance–F-statistic for testing means equality, the chi-squared test for median equality and regression models corrected for heteroscedasticity. These methods are used to identify superiority of mutual funds and to validate the significance of the results.

Findings

The findings confirm the superiority of conventional funds over ethical funds and ethical funds over Islamic funds. Both ethical and Islamic funds, however, outperform conventional proxies during some recessionary periods. Moreover, stronger performance is recorded for Islamic funds in Europe and North America regions and across age and asset allocation categories, but limited support for reversal fund size, composition focus and reversed price effect.

Research limitations/implications

These findings should assist investors when deciding to invest and motivate Islamic and ethical funds to improve their portfolio formation and asset allocation strategies set by their professional managers.

Originality/value

The originality of this study is in its comprehensive approach in that it compares the performance of funds after accounting for such characteristics as fund objectives, size, age, asset allocation, geographical investment focus, fund composition focus, share price levels and the effect of global crises. This study approach is not only original and productive in documenting Islamic funds’ performance for the past three decades (1990–2022) but can also update the literature on these characteristics collectively and individually.

Details

Journal of Islamic Accounting and Business Research, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1759-0817

Keywords

Open Access
Article
Publication date: 15 August 2019

Muhammad Mohsin Hakeem

The purpose of this paper is to indicate an innovative solution to address the financing issues faced by “Micro-, Small and Medium Enterprises” (MSME) in emerging economies.

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Abstract

Purpose

The purpose of this paper is to indicate an innovative solution to address the financing issues faced by “Micro-, Small and Medium Enterprises” (MSME) in emerging economies.

Design/methodology/approach

Islamic Financial Institutions (IFIs) especially Islamic banks are competing for high net worth individuals, whereas the MSME sector is largely untapped. A collaborative model for IFIs is suggested, to explore the MSME sector. Islamic Non-Banking Financial Institutions (NBFIs) are operating in these markets through their extensive gross route networks. The multistep collaborative model proposes “Special Purpose Entity (SPE)” partially owned by a single Islamic Bank or consortium and NBFI/s. SPEs can be incorporated with a defined scope, focus areas, risk profile, budget and shareholding patterns.

Findings

Risk and profit sharing instruments also known as Musharakah and Mudarabah have less than 6 percent share within total financing offered by Islamic banks globally. Risk sharing products offered by Islamic banks are not targeting this sector due to the underdevelopment of instruments, lack of knowledge and resources. Proposed SPEs can operate regionally with a concentration on specific business sectors.

Originality/value

The SPE model would enable Islamic banks to enter the huge MSME market while mitigating risk. On the contrary, it would enable the large segments of emerging economies (bottom 40 percent population of developing nations) to get involved and actively play their role to attain long-term development goals.

Article
Publication date: 11 September 2017

Richard Edward Oddy and Tom Bason

In 2016, Sport, Business and Management: An International Journal (SBM) published its 100th article. While a number of other journals have been analysed as to their content, no…

Abstract

Purpose

In 2016, Sport, Business and Management: An International Journal (SBM) published its 100th article. While a number of other journals have been analysed as to their content, no such study has yet been applied to SBM. The purpose of this paper is to produce a content analysis examining the first century of SBM articles in order to map out what this outlet has published, and to what extent the journal has achieved the objectives set out in the first issue.

Design/methodology/approach

This paper employs a content analysis approach, with each of the first 100 research papers being analysed and coded by the two authors.

Findings

This study has found that there has been a general focus on sport marketing throughout the first 100 papers, while football is the dominant sport that has been studied. Over the course of the 100 papers, the majority of articles employed quantitative methods, with surveys being the most used method of collecting data. The authors were initially principally based in Europe and North America; however, the geographical location has widened over the period in question.

Originality/value

While there have been a number of other journals which have had a content analysis, this is the first such study into SBM.

Details

Sport, Business and Management: An International Journal, vol. 7 no. 4
Type: Research Article
ISSN: 2042-678X

Keywords

Article
Publication date: 24 July 2009

Per‐Olof Brehmer and Jakob Rehme

Key account management (KAM) programmes are a way for companies to develop existing relationships and increase sales, thus being proactive and searching for opportunities (which…

4845

Abstract

Purpose

Key account management (KAM) programmes are a way for companies to develop existing relationships and increase sales, thus being proactive and searching for opportunities (which is often expected of KAM). It is also a way to meet changing customer demands arising from changes in purchasing strategy, buyers' mergers and acquisitions and the search for synergies in order to reduce costs. The purpose of this article is to analyse different key account management programmes on how they manage the sales process complexity and customer expectations.

Design/methodology/approach

The paper draws on qualitative data collected during a field study of ABB and six of their major customers, based on annual or biannual interviews with 50 individuals within ABB from 1996 to 2006 and three to ten individuals from each of the customers. Interviewees included corporate managers, key account managers and sales personnel/project managers. The customers involved in the study belonged to mining, automotive, process equipment manufacture, building technology, energy production and telecommunication sectors.

Findings

In this study three different programmes are identified and analysed: the proactive programme – which is driven by sales opportunity; the reactive programme – which is driven by customer demands; and the organisation‐based programme – which is driven by the belief in customer‐centric organisational units.

Practical implications

The paper identifies sales aspects (complexities) of KAM programmes that are handled in different ways by different types of programmes.

Originality/value

With an empirical base the paper provides a basis for understanding the reasons behind the establishment of several KAM programmes in the same corporation.

Details

European Journal of Marketing, vol. 43 no. 7/8
Type: Research Article
ISSN: 0309-0566

Keywords

Book part
Publication date: 4 September 2013

Jennie Jacobs Kronenfeld

This chapter provides both an introduction to the volume and a review of literature on health disparities and social determinants.

Abstract

Purpose

This chapter provides both an introduction to the volume and a review of literature on health disparities and social determinants.

Methodology/approach

Literature Review.

Findings

The chapter argues for the importance of greater consideration of social determinants of health disparities. This includes a consideration of race/ethnicity and socioeconomic status factors, geographic and place factors, and disparities especially linked to particular diseases.

Originality/value of paper

Reviews the topic of health disparities and social determinants and previews this book.

Details

Social Determinants, Health Disparities and Linkages to Health and Health Care
Type: Book
ISBN: 978-1-78190-588-3

Keywords

Article
Publication date: 1 June 2002

Paul Bishop and Phil Megicks

Examines the relationship between competitive strategy and firm size in the UK estate agency industry, by presenting evidence from a recent empirical study of the industry in…

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Abstract

Examines the relationship between competitive strategy and firm size in the UK estate agency industry, by presenting evidence from a recent empirical study of the industry in South West England. The analysis indicates that the industry is generally characterised by differentiation strategies rather than price competition and suggests that this may be attributable to a relative lack of economies of scale and the localised nature of the market. However, different types of firm place a greater emphasis upon different strategic positions. Suggests that small firms wishing to establish a long‐term position in a market in which larger firms are operating need to assess both the market environment and the market position of their rivals if they are to discover particular market niches in which they can develop competitive advantage.

Details

Journal of Small Business and Enterprise Development, vol. 9 no. 2
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 1 February 1995

Ann T. Power and Jeanne Pavy

The area of communication with its multistrand, interdisciplinary webbing presents a challenge to the bibliographer seeking to develop a collection. Describes a project at the…

Abstract

The area of communication with its multistrand, interdisciplinary webbing presents a challenge to the bibliographer seeking to develop a collection. Describes a project at the University of Alabama in which a subject‐special policy was written to address the complex issues involved in collection, the format selected for use and the collegial working relationship between representatives from the College of Communication and the university subject bibliographer. Details the outcome of this investigation along with a description of the policy which outlines parameters for six fields of study — advertising, public relations, telecommunication, film, speech communication, and journalism.

Details

Collection Building, vol. 14 no. 2
Type: Research Article
ISSN: 0160-4953

Keywords

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